LM Funding America (STU:1YJA) Scaled Net Operating Assets : 0.96 (As of Mar. 2024)

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What is LM Funding America Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LM Funding America's operating assets for the quarter that ended in Mar. 2024 was €35.15 Mil. LM Funding America's operating liabilities for the quarter that ended in Mar. 2024 was €1.93 Mil. LM Funding America's Total Assets for the quarter that ended in Dec. 2023 was €34.58 Mil. Therefore, LM Funding America's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.96.

LM Funding America Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LM Funding America's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(32.361	-	1.913)	/	50.211
=	0.61

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	34.583	-	2.222
=	32.361

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.614	-	0.079	-	0.622
=	1.913

LM Funding America's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(35.154	-	1.929)	/	34.583
=	0.96

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	36.943	-	1.789
=	35.154

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.386	-	0.052	-	0.405
=	1.929

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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LM Funding America (STU:1YJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LM Funding America Inc (STU:1YJA) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

LMFA:USA 1YJ:Germany

Address

1200 Platt Street, Suite 1000, Tampa, FL, USA, 33602

Website

http://www.lmfunding.com

LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations.